KAR Auction Services shares open lower after IPO
Stock in Carmel-based KAR Auction Services Inc. on Friday morning traded below prices set by the vehicle auctioneer in its
initial public offering.
Automotive
Articles
Widow aspires to continue operating Burd Ford
Chris Burd still unsure why husband, Rich Burd, owner of Burd Ford, committed suicide. Burd was an auto dealer in Lawrence.
UPDATE: KAR Auction IPO raises less than hoped
The Carmel-based auctioneer had expected to raise $340.9 million through its IPO, but the company said it would sell 25 million common shares at $12 each for total proceeds of $300 million.
Traffic technology handy after propane tanker explosion
A complex system of signs along Indianapolis’ interstate highway system was pressed into action after a propane tanker exploded
in October near I-465 and I-69.
Adesa parent turns profit on lower revenue
Carmel-based KAR Auction Services Inc. on Monday said the company turned a profit in the third quarter, although revenue decreased
slightly.
New design of bridge girder is huge, strong
The next time you’re tooling along Interstate 465 on the west side, take notice of the girders supporting the new 21st Street bridge. You might see more of them in the future. The experimental concrete beams are bigger than normal and shaped like a “U” instead of the traditional “I.” Think of an elongated, Paul-Bunyan-class […]
Suburban counties building outer loop to avoid Indianapolis
Counties wanting to speed traffic among suburbs are building highways to avoid having to travel into Indianapolis. The result,
a 100-mile outer loop beyond Interstate 465, won’t be completed for years, and it won’t be built to consistent standards,
but it might help ease congestion.
Ford surprises with $1B quarterly profit
Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with a profit of
nearly $1 billion in the third quarter.
Road closures from truck explosion near end
The ramp from southbound I-69 onto I-465 to the city’s east side is expected to reopen before Tuesday’s morning commute.
I-465 bridge in Indianapolis reopens after blast
The left eastbound lane over the eastbound bridge and the Interstate 69 southbound ramp to I-465 southbound will remain closed
through midweek as crews continue repair work.
Stretch of I-465 westbound reopens, several ramps still closed
The westbound lane of Interstate 465 reopened Friday afternoon on the city’s northeast side following the tanker explosion Thursday that closed parts of the expressway in both directions.
Gas City dealer offers electric versions of Cadillacs, Hummers
Of all the inappropriate postmarks for the largest distributor of plug-in electric vehicles in Indiana,
Gas City, about an hour north of Indianapolis, takes the prize. But Steve Mitchell, proprietor of Electric Cars
and Carts, figures he’s in the right place as far as business prospects go. Despite a stalled economy, Mitchell’s
electric vehicle sales are up 35 percent over the same month last year.
Iconic Hummer brand sold to Chinese manufacturer
Hummer, the off-road vehicle that once epitomized America’s love for hulking trucks, is now in the hands of a Chinese heavy
equipment maker.
Remy unveils ‘off the shelf’ electric motor
Pendleton-based Remy International today formally unveiled its ‘off the shelf’ electric motors for hybrid vehicles.
Subaru factory in Indiana rolls out 3 millionth vehicle
Workers at a Subaru plant in central Indiana cheered as its 3 millionth vehicle reached the end of the production line.
Is Indianapolis big enough for ‘car sharing’ concept?
An urban advocacy group is trying to bring a big-city concept to Indianapolis: car sharing. People for Urban
Progress cites environmental benefits as well as cost savings for urban dwellers who might find it practical to ditch their
seldom-used vehicles.
Adesa parent takes first step to becoming public company
KAR Holdings Inc., parent of the Carmel-based auto-auction firm Adesa Inc., has announced its intentions to become a publicly
traded company. KAR filed its registration statement for the initial public offering yesterday with the Securities
and Exchange Commission.
Lithium-ion battery maker names new president
EnerDel, an Indianapolis-based producer of automotive lithium-ion batteries, has named a new president, the company announced
today.
Auto supplier set to accelerate with seat-control software
A company founded by a Westfield chiropractor is in talks to license to automakers software that’s designed to produce
a less-fatiguing ride. Comfort Motion Technologies also wants to make aftermarket versions of the software as add-on modules
that could be used in most any car with a power seat.
Former business owner Hockett sentenced for bank fraud
A federal judge this morning sentenced a former Indianapolis business owner to 18 months in prison after he pleaded guilty
to bank fraud in May.